Polish national carrier LOT has turned in its fourth consecutive annual profit, with significant rises in both turnover and passengers carried in 2019.
British LCC easyJet said it would make its first ever full-year loss and warned it expected to fly only around a quarter of the capacity that had been planned pre-pandemic over the winter because of travel restrictions in place in its markets.
U.S. President Donald Trump called on Congress to quickly approve a standalone bill to extend the U.S. federal government’s CARES Act Payroll Support Program (PSP) until March 2021.
The Portuguese government has completed its acquisition of a further 22.5% stake in TAP Air Portugal, previously held by David Neeleman’s Atlantic Gateway consortium, increasing the state’s shareholding to 72.5%.
Austrian Airlines has cut its capacity for the coming winter schedule to just 30% of 2019 levels as COVID-19 cases in Europe rise while the Lufthansa subsidiary’s liquidity contracts.
German leisure carrier Condor is preparing to exit “protective shield proceedings” in November, following the liquidation of its former parent company Thomas Cook Group in September 2019.
The world’s airlines stand to burn through $77 billion in the second half of 2020 and are not expected to become cash positive until 2022, IATA said Oct. 6 in a grim update on the financial outlook for the industry.
Two UK regional airlines have signed a codeshare agreement, taking another step to fill some of the gaping holes in the country’s domestic connectivity left by the collapse of Flybe in March.
Southwest Airlines will seek a round of pay cuts from its labor unions as part of a push to reduce costs enough to avoid involuntary furloughs through the end of 2021.
Boeing’s updated commercial forecast sees customers taking 11% fewer new deliveries in the next decade than it projected a year ago as the industry slowly emerges from the demand crisis created by the novel coronavirus pandemic.
South African Airways Technical (SAAT) has agreed to resume maintenance work for South African Airways (SAA) and its LCC operation Mango Airlines after suspending services because of non-payment.
KLM is looking for further voluntary redundancies after submitting a restructuring plan to the Dutch government, which was one of the requirements to access €3.4 billion ($4 billion) in state-backed loans and guarantees.
Avianca Holdings received approval from a U.S. federal court to tap over $2 billion in debtor-in-possession (DIP) financing, marking the latest step in its attempted restructuring after seeking Chapter 11 bankruptcy protection in New York on May 10.
United Airlines will begin flying nonstop to mainland China from Oct. 21 for the first time since late February when the COVID-19 crisis began to escalate worldwide.
Alaska Airlines will speed up retirement of 10 Airbus A320 airliners, marking the latest in a series of moves that appear likely to reduce its reliance on Airbus for years to come.
European air traffic has fallen again, dropping to 44.8% of 2019 levels in the week to Oct. 4, Eurocontrol data showed, as travel restrictions and uncertainty over rising COVID-19 infection rates in many countries continue to hold back demand.
AirAsia Japan confirmed that it has ceased operation as of Oct. 5 after the COVID-19 crisis compounded the carrier’s challenges in the competitive Japanese LCC market.
